Schedule I Individual - Ordinary And Necessary Expenses - 2008
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Schedule I Individual
2008
Rev. 11.08
ORDINARY AND NECESSARY EXPENSES
Taxable year beginning on __________________________________ , ________ and ending on ____________________________________ , ________
Social Security Number
Taxpayer's name
Part I:
Detail of Expenses (See instructions)
Fill in one:
1 Taxpayer
2 Spouse
58
(01)
1.
Meals and entertainment
A.
Total expenses incurred or paid ..............................................................................................................................
(02)
.
0
0
,
B.
Reimbursed expenses (meals and entertainment) ..................................................................................................
(03)
.
0
0
,
C.
Difference (If line 1B exceeds line 1A, refer to Schedule I Individual of the Long Form) ........................................
(04)
.
0
0
,
D.
Difference (If line 1A exceeds line 1B, enter the excess here) .................................................................................
(05)
.
0
0
,
E.
Enter 50% of line 1D (See instructions) ...................................................................................................................
(06)
.
0
0
,
2.
Other expenses
A.
Cost and maintenance of uniforms .........................................................................
(11)
.
0
0
,
B.
Dues paid to unions, college memberships and professional associations .............
(12)
.
0
0
,
C.
Purchase of educational materials by teachers .....................................................
(13)
.
0
0
,
D.
Purchase of technical books related to professional or technical work ...................
(14)
.
0
0
,
E.
Educational and improvement expenses of your profession or occupation ............
(15)
.
0
0
,
F.
Depreciation (Part II of this Schedule) ...................................................................
(16)
.
0
0
,
G.
Other expenses related to your profession or occupation ......................................
(17)
.
0
0
,
H.
Total other expenses (Add lines 2A through 2G. Enter total here) ...........................................................................
(18)
.
0
0
,
I.
Reimbursement of other expenses ..........................................................................................................................
(19)
.
0
0
,
J.
Difference (If the amount on line 2 I exceeds the amount on line 2H, refer to Schedule I Individual of the Long
Form) ......................................................................................................................................................................
(20)
.
0
0
,
K.
If line 2H exceeds line 2 I, enter the excess on this line ............................................................................................
(30)
.
0
0
,
3.
Total ordinary and necessary expenses (Add lines 1E and 2K. Enter the amount on this line) ....................................
(31)
.
0
0
,
4.
Wages, Commissions, Allowances and Tips (Part 2, line 1B of the Short Form, line 1B of Schedule CO Individual or
line 1C of Schedule CO Individual, as applicable) .......................................................................................................
(32)
.
0
0
,
5.
Federal Government Wages (Part 2, line 2B of the Short Form, line 2B of Schedule CO Individual or line 2C of
Schedule CO Individual, as applicable) .....................................................................................................................
(33)
.
0
0
,
6.
Total wages (Add lines 4 and 5) ...................................................................................................................................
(34)
.
0
0
,
7.
Multiply line 6 by 4% and enter here ............................................................................................................................
(35)
.
0
0
,
8.
Deduction for ordinary and necessary expenses (Enter here and in Part 3, line 6D of the Short Form or line
6D of Schedule CO Individual, the smaller of the following amounts: line 3, line 7, or up to the limit of $1,500 ($750 if
you choose the optional computation of tax)) ...........................................................................................................................
(40)
.
0
0
,
Retention Period: Ten (10) years
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